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Day: April 1, 2021

Why ULIPs Are One Of The Best Tax Saving Options

Why ULIPs Are One Of The Best Tax Saving Options

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ULIPs provide dual benefits of insurance as well as investment. It provides life coverage while a portion of the amount is invested in the funds equity or debt or both. Thus, ULIPs help in creating wealth along with helping you to secure your life. Investors choose to invest in ULIPs to meet their life goals, such as retirement funds, child’s education, or any other goals. Investing in ULIPs also has tax advantage where one can save taxes under Section 80C. Let’s check out how ULIPs can be a good tax saving investment option. Why Should You Choose To Invest In ULIPs? Tax Benefits: With ULIPs one can enjoy dual tax benefits, on the premiums, and on the maturity amount received. Investors can enjoy tax benefits under Section 80 C on the premiums paid for the ULIPs while the returns ...